Li Liangbin of Ganfeng Lithium Industry: the supply of lithium can ensure the development of lithium battery industry.

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Li Liangbin, chairman of Ganfeng Lithium Industry, said, "the rise in lithium prices is due to the rapid expansion of lithium demand and the long development cycle of lithium projects. Prices are mainly determined by the contradiction between supply and demand, supply exceeds demand will certainly drop prices, supply in short supply will certainly increase prices, this is the objective law of the market. "

Li Liangbin pointed out that the price of lithium has risen more this year, mainly because "the demand is very strong, and unlike mechanical parts, lithium resource projects involve exploration, design, construction, and other links, and have a longer development and production cycle." it is difficult to meet the explosive growth of downstream demand in a short period of time.

As Li Liangbin said, the downstream demand for lithium is really strong. Some institutions predict that the global penetration rate of new energy vehicles will reach 20% in 2025, corresponding to the sales of new energy passenger vehicles will reach 18.24 million; corresponding to the sales of 710000 new energy commercial vehicles, the total demand for lithium carbonate of new energy vehicles will reach 1.002 million tons. With the increasing demand for lithium, more and more new projects and production expansion projects have been put on the agenda around the world. With the landing and commissioning of a number of projects, the new capacity will greatly supplement the supply of lithium.

"there is no shortage of lithium resources in the world, and the key is to see who has the resources. If we are in the hands of Gan Feng, we will certainly have a lot of lithium salts to meet this market, and this price will not rise to 200000 per tonne. Psychologically, if we can reach 120000 per ton, it will be a better price, which can bring better returns to enterprises. " Li Liangbin spoke bluntly.

"as long as the new resource projects can be put into production as soon as possible, the current situation that supply falls short of demand in the lithium market can be alleviated," he pointed out. Because a considerable part of lithium resources are in the hands of foreign enterprises, foreign enterprises do not know enough about the popularity of China's new energy industry, so their speed or willingness to expand production is not as strong as that of Chinese local enterprises, resulting in lithium supply falling short of demand. The capacity that should be released has not been released, resulting in a mismatch between the supply and demand of lithium.

Li Liangbin believes that with the continued rise in lithium prices, it will certainly induce many lithium mining enterprises to increase production expansion, when capacity will be released, then the supply shortage will be alleviated. "Don't worry, this should ensure the development of the lithium battery industry."